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Nuran Wireless ( (TSE:NUR) ) has shared an update.
NuRAN Wireless has obtained authorization for an infrastructure license to operate telecom sites in the Democratic Republic of the Congo (DRC). This achievement is a significant milestone for the company, allowing it to proceed with the drawdown of a portion of a $5 million loan facility for energy inclusion managed by Cygnum Capital. The license is expected to enhance NuRAN’s operational capabilities and strengthen its market presence in the DRC, similar to its operations in Cameroon, potentially benefiting stakeholders by expanding network coverage in underserved regions.
More about Nuran Wireless
NuRAN Wireless is a leading rural telecommunications company that provides wireless network coverage solutions in remote and rural regions globally. The company offers scalable 2G, 3G, and 4G technologies to facilitate affordable and efficient communication for over a billion people.
Average Trading Volume: 315,314
Technical Sentiment Signal: Sell
Current Market Cap: C$951.6K
For a thorough assessment of NUR stock, go to TipRanks’ Stock Analysis page.